Cardano Foundation Launches Activity Report 2024
Foundation's annual activity report highlights governance transition, expanded partnerships, and technological advancements
Zug, Switzerland, January 30, 2025 – Cardano Foundation, an independent, Swiss-based not-for-profit organisation tasked with advancing the public digital infrastructure Cardano, today released its 2024 Activity Report, showcasing achievements in enterprise adoption, technological development, and community growth.
“In 2024, The Cardano Foundation made huge strides in establishing Cardano as the public digital infrastructure of the future,” said Frederik Gregaard, CEO of Cardano Foundation. “As detailed in our activity report, we’ve worked with industries spanning sport, space exploration, real estate and advocacy groups on implementing blockchain for good. We've built strong foundations for businesses to meet evolving technological demands. While Cardano is entering a period of lasting change, we're excited for this next phase and invite all blockchain enthusiasts to join us in building for the future.”
The Cardano Foundation's 2024 Activity Report outlines key initiatives in community self-governance preparation, regulatory engagement, and global expansion. It addresses major challenges in blockchain development, governance transition, and stakeholder representation, key highlights from the report include:
Enterprise Solutions and Partnerships
Successful soft launch of Reeve, an enterprise-grade accounting solution integrating blockchain technology with existing financial systems
Partnership with YurekAI and Tokenance to develop a digital twin solution for real estate, serving over 40,000 real estate agencies across the US and Europe, supported by 500 developers
Notable community-funded initiatives including collaborations with teams from FC Barcelona, Amnesty International, Swisscom, and the UNDP
Technical and Governance Achievements
Release of Aiken 1.1.0, now the leading smart contract language on Cardano, with 62% of total smart contract activity
Continuous network uptime maintained throughout the blockchain’s history
Launch of Cardano.org as an open-source project using Docusaurus
Movement toward a decentralized mode of governance
Community and Education
Expansion of the Cardano Ambassador Program to 80 ambassadors across 35 countries
Successful Cardano Summit 2024 in Dubai, featuring 180+ speakers and 1000+ participants from 87 countries, 45+ sponsors and over 60 media partners
Regulatory Compliance and Sustainability
Early adoption of MiCA-compliant sustainability indicators in partnership with Crypto Carbon Ratings Institute (CCRI)
Release of MiCA-compliant token issuance whitepaper template in collaboration with Lawside and Stadler Völkel
Looking ahead to 2025, which marks Cardano's tenth anniversary, the Foundation is focusing on three key areas: technology, governance, and adoption. These strategic priorities aim to further strengthen Cardano's position as a leading blockchain platform for enterprise solutions and social impact initiatives.
About the Cardano Foundation
The Cardano Foundation is an independent, Swiss-based not-for-profit organization tasked with advancing Cardano as a public digital infrastructure across a wide range of industries. The Foundation works to anchor Cardano blockchain as a utility for financial and social systems, thus empowering the digital architects of the future. It also develops infrastructure tooling, strengthens operational resilience, and drives diversity of on-infrastructure use cases as well as the development of sound and representative governance. For more information, visit https://cardanofoundation.org
Plomin Hard Fork:
The Plomin hard fork represents a historic shift to true decentralized governance, empowering ada holders with direct voting capabilities on crucial network decisions – from parameter changes and treasury withdrawals to the future of the blockchain.
CIP-1694, the official "Cardano Improvement Proposal," has been approved by the Cardano community – this has established three user-led governance bodies: the Constitutional Committee, Delegate Representatives (dReps), and Stake Pool Operators (SPOs). Cardano's three founding entities—the Cardano Foundation, Input Output Global (IOHK) and Emurgo—no longer have the keys to trigger chain upgrades or "hard forks." That responsibility now lies with the new governance groups.
The implementation showcases strong network consensus and readiness, with over 85% of stake pools upgrading their nodes and robust support from both stake pool operators and the Interim Constitutional Committee.
Speaking on the news, Cardano Foundation CTO Giorgio Zinetti said: “We have been working towards full decentralization at the Cardano Foundation for many years – this has always been the goal. We’re one of the few layer 1s–and the largest layer 1 with on-chain governance–that have been able to achieve the fundamental goal of web3. Everyone in the Cardano community is now onboard and actively participating in onchain governance. The Plomin hard fork creates a comprehensive and robust governance structure that aligns network participation with voting rights - ensuring those most invested in the network's success have a voice in its future. This will create a strong and attractive platform for developers and enterprises.”
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